[Form 4] PACCAR INC Insider Trading Activity

Rhea-AI Filing Summary

Ramaswamy Sreeganesh, a director of PACCAR Inc. (PCAR), filed a Form 4 reporting transactions dated 10/01/2025. The filing shows 396.5817 derivative stock units with an associated price of $97.71 and a reported post-transaction beneficial ownership figure of 9,666.3936 shares for that line. Separately, 11,656.4616 stock units are held in a deferred phantom stock account (RSDCP) and reported as 11,656.4616 shares beneficially owned following the transaction. Explanations state these units arise from the PACCAR Restricted Stock and Deferred Compensation Plan for non-employee directors, are convertible on a 1-for-1 basis to common stock, and include cash compensation deferred into the phantom stock account and restricted stock units subject to vesting.

Positive

• Director status disclosed: The reporting person is explicitly identified as a director of PACCAR Inc.
• Deferred compensation participation: Cash compensation was deferred into the PACCAR Restricted Stock and Deferred Compensation Plan (RSDCP), as stated.
• Phantom stock plan mechanics disclosed: Units in the RSDCP are identified as convertible to common stock on a 1-for-1 basis.

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine director compensation deferral and holdings reported; no sale or new open-market purchase disclosed.

The Form 4 discloses director-level deferred compensation in the form of phantom stock units and restricted stock units totaling 11,656.4616 RSDCP units plus 396.5817 derivative units noted at $97.71. These entries reflect compensation and plan-account balances rather than cash-based market transactions. The filing contains no items indicating disposal of shares or changes to control. For investors, this is a disclosure of insider holdings and deferred compensation mechanics rather than a market-moving transaction.

Corporate Governance Expert

TL;DR: Disclosure documents deferred director compensation and plan-based share conversion mechanics; governance controls appear routine.

The report clarifies that the reported units are held in the PACCAR Restricted Stock and Deferred Compensation Plan (RSDCP) for non-employee directors and are convertible 1-for-1 to common stock upon termination or vesting. The filing identifies the reporting person as a director and uses standard disclosure codes. No executive officer actions, director resignations, or extraordinary governance events are reported. The disclosure satisfies Section 16 reporting for insider ownership changes tied to plan deferrals.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

RAMASWAMY SREEGANESH

(Last) (First) (Middle)

777 - 106TH AVE. N.E.

(Street)

BELLEVUE WA 98004

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PACCAR INC [ PCAR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Units	(1)	10/01/2025		J(2)		396.5817		(1)	(1)	Common Stock	396.5817	$97.71	9,666.3936	D
Stock Units (RSDCP)	(3)							(3)	(3)	Common Stock	11,656.4616		11,656.4616	D

Explanation of Responses:

1. Stock units held in deferred phantom stock account under PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP) convertible to PACCAR common stock on a 1-for-1 basis upon termination of the Reporting Person's status as a non-employee director.

2. Cash compensation deferred into phantom stock account under PACCAR Restricted Stock and Deferred Compensation Plan for Non-Employee Directors (RSDCP).

3. Restricted stock units held in deferred phantom stock account under PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP) convertible to PACCAR common stock on a 1-for-1 basis upon satisfaction of all applicable vesting conditions.

	Michael R. Beers, by Power of Attorney	10/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What did PACCAR director Ramaswamy Sreeganesh report on Form 4 (PCAR)?

The Form 4 reports 396.5817 derivative stock units noted at $97.71 and 11,656.4616 stock units held in the PACCAR RSDCP, all tied to director compensation plans.

Are the reported PACCAR stock units convertible to common stock?

Yes. The filing states the phantom stock units in the RSDCP are convertible to PACCAR common stock on a 1-for-1 basis upon termination of non-employee director status or satisfaction of vesting conditions.

Did the Form 4 show any open-market purchases or sales by the director?

No. The filing describes plan-based deferred stock units and restricted stock units; it does not disclose open-market purchases or sales.

What is the nature of the cash compensation mentioned in the filing?

The filing explains that cash compensation was deferred into the phantom stock account under the PACCAR Restricted Stock and Deferred Compensation Plan for non-employee directors.

Who signed the Form 4 filing for Ramaswamy Sreeganesh?

The form indicates it was filed by Michael R. Beers, by Power of Attorney on 10/01/2025.